Asian Growth Properties logo

AGP - Asian Growth Properties News Story

0.15p 0.0  50.0%

Last Trade - 19/12/17

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £50.0m
Position in Universe th / 1821

Asian Growth Props - Director dealing

Thu 16th November, 2017 2:15pm
RNS Number : 7456W
Asian Growth Properties Limited
16 November 2017

16 November2017

Asian Growth Properties Limited

("AGP" or the "Company")

Director dealing

The board of directors of Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces that the Company has today received notifications from the following directors of the Company reporting their respective deemed interests in the common shares of US$0.05 each in the Company as follows:

I. As of 13 November 2017, Nan Luen International Limited ("NLI") holds 866,605,133 common shares in the Company, equating to approximately 97.77% of the common shares of the Company.

II. On 13 November 2017, Lu Wing Chi transferred his entire shareholdings of 46,938 shares in NLI to JCS Limited ("JCS").

III.On 13 November 2017, Lincoln Lu transferred his entire shareholdings of 5,021 shares in NLI to JCS.

IV. On 13 November 2017, Lambert Lu transferred his entire shareholdings of 5,021 shares in NLI to JCS (together with items II and III, the "Transfers").

V. As a result of the Transfers, JCS's interest in NLI increased from 63.58% to 100%. Therefore, JCS now has an indirect interest in all 866,605,133 common shares in the Company held by NLI by virtue of its 100% shareholding interest in NLI.

VI.Messrs. Lu Wing Chi, Lincoln Lu and Lambert Lu continue to have indirect interests in NLI and, immediately after the Transfers,their respective deemed interests in the shares inthe Company as at 13 November 2017 became as follows:

(a) Lu Wing Chi had an indirect interest in 424,636,515 common shares in AGP by virtue of his direct shareholding of 49% in JCS.

(b) Lincoln Lu had an indirect interest in 220,984,309 common shares in AGP by virtue of his direct shareholding of 25.5% in JCS.

(c) Lambert Lu had an indirect interest in 220,984,309 common shares in AGP by virtue of his direct shareholding of 25.5% in JCS.



Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lu Wing Chi

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Asian Growth Properties Limited

b)

LEI

213800I2RAQ7KMFS9N62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common shares of US$0.05 each

London Stock Exchange, AIM, AGP.L

ISIN Code: BMG054131021

b)

Nature of the transaction

Interest in Nan Luen International Limited following the transfer of his entire shareholding of 46,938 shares in NLI to JCS Limited ("JCS") on 13 November 2017.

c)

Price(s) and volume(s)

Direct

Price(s)

Volume(s)

NA

0

Closely Associated Persons

Entity and ownership

Price(s)

Volume(s)

Nan Luen International Limited ("NLI")

N/A

N/A




Notes:

1. NLI has a direct interest in 866,605,133 common shares in the Company as at 13 November 2017.

2. JCS has an indirect interest in 866,605,133 common shares in the Company by virtue of its 100% shareholding interest in NLI as at 13 November 2017.

3. Lu Wing Chi has direct shareholdings of 49% in JCS.

d)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

e)

Date of the transaction

13 November 2017

f)

Place of the transaction

Hong Kong



Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lambert Lu

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Asian Growth Properties Limited

b)

LEI

213800I2RAQ7KMFS9N62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common shares of US$0.05 each

London Stock Exchange, AIM, AGP.L

ISIN Code: BMG054131021

b)

Nature of the transaction

Interest in Nan Luen International Limited following the transfer of his entire shareholding of 5,021 shares in NLI to JCS Limited ("JCS") on 13 November 2017.

c)

Price(s) and volume(s)

Direct

Price(s)

Volume(s)

NA

0

Closely Associated Persons

Entity and ownership

Price(s)

Volume(s)

Nan Luen International Limited ("NLI")

N/A

N/A




Notes:

1. NLI has a direct interest in 866,605,133 common shares in the Company as at 13 November 2017.

2. JCS has an indirect interest in 866,605,133 common shares in the Company by virtue of its 100% shareholding interest in NLI as at 13 November 2017.

3. Lambert Lu has direct shareholdings of 25.5% in JCS.

d)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

e)

Date of the transaction

13 November 2017

f)

Place of the transaction

Hong Kong



Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Lincoln Lu

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Asian Growth Properties Limited

b)

LEI

213800I2RAQ7KMFS9N62

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Common shares of US$0.05 each

London Stock Exchange, AIM, AGP.L

ISIN Code: BMG054131021

b)

Nature of the transaction

Interest in Nan Luen International Limited following the transfer of his entire shareholding of 5,021 shares in NLI to JCS Limited ("JCS") on 13 November 2017.

c)

Price(s) and volume(s)

Direct

Price(s)

Volume(s)

NA

0

Closely Associated Persons

Entity and ownership

Price(s)

Volume(s)

Nan Luen International Limited ("NLI")

N/A

N/A




Notes:

1. NLI has a direct interest in 866,605,133 common shares in the Company as at 13 November 2017.

2. JCS has an indirect interest in 866,605,133 common shares in the Company by virtue of its 100% shareholding interest in NLI as at 13 November 2017.

3. Lincoln Lu has direct shareholdings of 25.5% in JCS.

d)

Aggregated information

- Aggregated volume

- Price

N/A

N/A

e)

Date of the transaction

13 November 2017

f)

Place of the transaction

Hong Kong


This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLFLSLILRLID
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.